The rating agency also affirmed Atlas' A2 senior unsecured long-term rating on the back of the company's good market positions for most of its products, well-diversified global footprint, very high and resilient profitability and strong cash flow, well-diversified customer base, healthy liquidity and conservative financial policies.Ītlas Copco's liquidity was also excellent by the rating agency's standard, after reporting a cash position of 10.3 billion Swedish kronor, supported by undrawn committed backup credit lines amounting to about 15.1 billion kronor maturing in 20. The improved outlook reflects the potential for a ratings upgrade if the company can continue to sustain its current performance and credit metrics over the next quarters, along with expectations that the company can maintain a conservative capital structure, the rating agency said. 30, significantly better than its peers, Moody's noted. The company was able to keep up its strong performance amid a harsh economic environment in 2020, generating an adjusted EBITA margin of 20% and a free cash flow over debt ratio of 29% for the 12 months ended Sept. Moody's revised its outlook on the ratings of Sweden-based equipment manufacturer Atlas Copco AB to positive from stable, citing sustained strong operating performance and cash generation in the last few years.
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